Indian shares opened lower on Wednesday, tracking a slide in global equities after U.S. Federal Reserve Chair Jerome Powell reiterated the likelihood of aggressive rate hikes to tackle inflation.
The slide comes after Powell's testimony before the U.S.
Congress on Tuesday, in which he said strong economic data in the United States raised theGlobal markets fell after Powell's testimony, with the MSCI's broadest index of Asia-Pacific shares outside JapanThe probability of a 50 basis point increase in the federal funds target rate at the upcoming meeting has now risen above 70%. .FEDWATCH
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